According to the IRS, the data retrieval tool will be unavailable until the start of the next FAFSA season. Students and parents will need to manually enter their tax data into their FAFSA. Please plan accordingly!
The Georgia Student Finance Authority (GSFA) is offering another application cycle for the FY 2016 Georgia Student Access Loan Program (SAL). The second application cycle will open on February 23, 2016 at 9 a.m. and will close on March 3, 2016 at 4 p.m. The FY 2016 SAL Application is available at www.gacollege411.org under “What’s New.” The random selection will be performed on March 8, 2016.
Interest Subsidy Restored On Subsidized Loans
Borrowers of subsidized Stafford Loans first disbursed on or after July 1, 2014 are once again eligible for an interest subsidy during the 6-month grace period. The subsidy had been temporarily removed by the fiscal year 2012 budget bill for loans first disburse on or after July 1, 2012, and before July 1, 2014.
There is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period”. You can usually find the published length of any program of study in your school’s catalog. Click HERE for more information.